This version of the form is not currently in use and is provided for reference only. Download this version of Instructions for Form I-237 Schedule ESBT for the current year.
This document contains official instructions for Form I-237 Schedule ESBT, Computation of Wisconsin Taxable Income for Electing Small Business Trusts - a form released and collected by the Wisconsin Department of Revenue.
Q: What is Form I-237?
A: Form I-237 is a schedule used for computing Wisconsin taxable income for Electing Small Business Trusts (ESBTs) in Wisconsin.
Q: What is an Electing Small Business Trust (ESBT)?
A: An Electing Small Business Trust (ESBT) is a type of trust that holds interests in an S corporation and elects to be treated as a separate taxpayer.
Q: What is Wisconsin taxable income?
A: Wisconsin taxable income is the portion of a trust's income that is subject to Wisconsin state income tax.
Q: Who needs to file Form I-237?
A: ESBTs in Wisconsin need to file Form I-237 to compute their Wisconsin taxable income.
Q: What information is required to fill out Form I-237?
A: To fill out Form I-237, you will need information about the ESBT's income, deductions, and credits.
Q: Is there a deadline for filing Form I-237?
A: Yes, the deadline for filing Form I-237 is the same as the deadline for filing the trust's federal income tax return.
Q: What should I do with Form I-237 after filling it out?
A: After filling out Form I-237, you should keep a copy for your records and submit it with the trust's Wisconsin income tax return.
Instruction Details:
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